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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).


TSX:NVA - Post by User

Post by Carjackon Feb 20, 2022 8:51am
160 Views
Post# 34446040

Ukraine

Ukraine

MUNICH — Ukrainian President Volodymyr Zelensky forcefully demanded stronger actions from world leaders as the threat of full-scale attack by Russia intensifies amid increased shelling in the eastern separatist regions of his country.

“The security architecture of our world is brittle, it is obsolete,” Zelensky said on Saturday during a defiant speech at a security conference in Munich. He accused governments of “egotism,” “arrogance” and “appeasement” as he urged Western leaders to publicly state their plans for sanctions on Russia, saying that after the war begins would be too late.

“Action is needed,” he insisted, adding that “this is not about war in Ukraine, this is about war in Europe.”

Zelensky’s sharp rebuke of Kyiv’s allies comes as the United States sounds its most dire warnings yet about the likelihood of a resumed Russian invasion of Ukraine, and as fresh shelling prompts new turmoil — and finger-pointing — in the country’s east.

The Biden administration has been warning of imminent attacks for days. Defense Secretary Lloyd Austin on Saturday said Russian forces “are now poised to strike,” bolstering President Biden’s warning on Friday that Russian President Vladimir Putin had “made the decision” to attack Ukraine. The White House said Biden would convene a rare Sunday meeting of the National Security Council to assess the developing situation in Ukraine.

However, some high-level European officials have expressed frustration that the United States had not shared the intelligence that led it to surmise Russia’s intentions with such certainty. U.S. intelligence that provided Biden with the confidence to make the assertion came from an order given to Russian subordinates to proceed with a full-scale attack, according to several people familiar with the matter, who spoke on the condition of anonymity because of the matter’s sensitivity. The United States obtained intelligence on the order as Russian military and security officials were taking steps to implement it, and did so very recently, the people said.

The president’s statement “reflects the assessments of the intelligence community,” a senior administration official said. “As he also made clear, the door to diplomacy will remain open.”

Asked how he knew Putin’s intentions, Biden noted in his remarks Friday that the United States has “a significant intelligence capability.” He also said that before making his speech, he had a call with the leaders of NATO allies and the European Union “to bring them up to date on what the United States thinks is the current state of affairs and what’s likely to happen in Ukraine in the coming days.”

 

Some European allies questioned the United States’ conviction that the Kremlin will launch hostilities, saying that they have not seen direct evidence suggesting Putin has committed to such a course of action.

One European official told The Washington Post in Munich that “we have no clear evidence ourselves that Putin has made up his mind and we have not seen anything that would suggest otherwise.” Another said that although the situation is grave, “at this stage we do not have such clear intelligence” that Putin has decided to invade.

The officials said they have been told little about the sources and methods the United States used to arrive at its conclusions, limiting their capacity to make independent decisions about how much weight to give statements from Biden that Putin has made a decision to attack.

“It’s always the raw material that they do not share,” said one senior NATO diplomat who has had extensive conversations with top American policymakers in Brussels.

The British have not been among those making such complaints. U.K. Foreign Secretary Liz Truss sounded similar warnings to the United States in Munich on Saturday, asserting that Ukraine’s “worst-case scenario” — a Russian invasion — “could happen as early as next week.”

Administration officials, meanwhile, pushed back against the notion that they might be providing less intelligence to some allies than others. “Since we first began seeing signs of Russia’s military buildup several months ago, we have regularly shared intelligence and information with our allies and partners, including Ukraine, and have downgraded intelligence to enable that sharing as needed,” a senior administration official said.

Russia, meanwhile, has increased its saber-rattling in recent days, announcing Saturday that it had launched hypersonic missiles as part of an exercise of nuclear forces overseen by Putin in a show of military strength. The display serves as an overt reminder to Western leaders of Russia’s status as a nuclear power and comes as the world grapples with the possibility of a land war in Europe.

Independent watchers have also recorded a sharp uptick in attacks along the border of Kyiv-controlled Ukraine and the regions under the authority of Russian-backed separatists. The Organization for Security and Cooperation in Europe recorded over 1,500 cease-fire violations, “including explosions,” in the Donetsk and Luhansk regions of Ukraine on Friday, approximately double what they counted the day before. The increased attacks have fueled fears that Russia is trying to craft a false pretext for war by blaming Ukraine for attacks and using that to justify an invasion.

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Ukraine’s leader made reference to Russia’s increasingly aggressive moves, the shelling especially, as he expressed impatience with the West for what he viewed as inaction. “We don’t need to be reminded of the dates of plausible intervention,” Zelensky said during his speech to the Munich conference, adding that “we’re going to protect our country” regardless of when Putin attacks.

“I don’t know what the president of the Russian Federation wants,” he later added during an interview onstage in Munich in which he invited Putin to meet with him. He coupled that invitation with a warning, however, that the troops Putin had built up along the border were on the lookout for any exploitable provocation, and that “one shelling, one cannon fire, can lead to war.”

The Post reported this past week that the United States received intelligence that Russia’s announced military pullback from Ukraine’s border was a deliberate ruse to mislead the West. Biden and NATO’s secretary general warned that they saw no evidence of a pullback.

Vice President Harris made emphatic declarations in Munich, vowing that Russia would see “economic measures that will be swift and severe” if it invades neighboring Ukraine.

“There is a playbook of Russian aggression,” Harris told the heads of state and government, foreign dignitaries and a large delegation from the United States. “And this playbook is too familiar for us all. Russia will plead ignorance and innocence. It will create a false pretext for invasion. And it will amass troops and firepower in plain sight.”

Putin has accused Ukraine, without presenting evidence, of fomenting “genocide” against people in separatist-controlled Ukraine, as residents of those regions began evacuating to Russia. On Saturday, Russian foreign ministry spokeswoman Maria Zakharova said Ukraine was committing “crimes against humanity” and accused the West of being “accomplices.” Western leaders in Munich denounced such charges as “ridiculous.”

Chinese Foreign Minister Wang Yi, speaking to the Munich conference via video link, did not comment on the buildup of Russian forces. But he insisted that implementing the Minsk agreement — an accord struck in 2015 to settle hostilities in eastern Ukraine — was the “only way out” of the current crisis, according to the Chinese state broadcaster CCTV. Without naming the United States, Wang criticized “certain major countries” of “hyping up issues, creating panic and trumpeting the threat of war.”

Zelensky, too, urged Western leaders to spend less time warning Kyiv about the number of Russian troops on Ukraine’s doorstep, and to instead break their “silence” about how their nations planned to respond. Speaking to CNN in Munich, Zelensky called on the United States and Europe to articulate what sanctions they would impose on Russia, to serve as a deterrent.

“We don’t need your sanctions after the bombardment will happen and after our country will be fired at, or after we will have no borders and after we will have no economy or part of our country will be occupied,” Zelensky said. “Why would we need those sanctions then?”

But the Biden administration has been reluctant to articulate its planned targets with such specificity. The administration has hinted that sanctions would target at least some of Russia’s larger state-owned banks; restricting Russian exports also remains a potential tool. Meanwhile, Congress’s attempts to articulate the gamut of measures via legislation effectively ran aground this past week over a dispute between the parties about what sanctions ought to be imposed immediately, as opposed to in the event of an invasion.

Later on Saturday, Ukraine announced that a shipment of rifles, machine guns and other military equipment had arrived in Lviv. The United States has also sent Ukraine other weapons in recent months.

But Zelensky asked for greater commitments, daring Western leaders to “be honest” about when they planned to incorporate Ukraine into their alliances and step up to its defense.

“If not all the members are willing to see us there [in NATO], or all members don’t want to see us there, be honest about it,” Zelensky said, committing to defend his country with or without help. “Open doors are good, but we need open answers, and not the years and years of closed questions.”

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